Publicado: Jul 4, 2024 09:41
According to the cost-profit statement of imported ore from SMM, the profits of imported ore have started to rebound. Recently, the focus of market attention has been mainly on the expectations of the Third Plenary Session of the 18th CPC Central Committee and the apparent demand for finished steel products. Real estate data has increased sequentially recently, and the market expects the apparent demand to rebound, thus pushing up the price of ore. However, according to the survey of SMM, the blast furnace operating rate this week was 94.36%, down 0.14% from last month. The average daily molten iron output of sample steel mills was 2.3055 million tons, an increase of 30,000 tons from the previous month. Due to the increase in maintenance in some steel mills, the increase in molten iron output in this period was small. The increase in molten iron production has gradually weakened the support for iron ore prices. Therefore, it is expected that the upward space for iron ore prices is limited, and the profits of imported ore may remain stable.

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